Date of publication: 2017-09-02 10:59
This section provides an evaluation of strengths, weaknesses, opportunities and threats to Samsung multinational company. The success of firms can be attributed to the strengths that in the business environment. The company was able to utilize the above situations to their advantage. Samsung is one major electronic company manufacturer producer in the world with a wider distribution and market. Some of the strength and weaknesses are discussed below.
India is a land of traditionalism, communalism, casteism, linguism, parochialism, religious and linguistic prejudices and so on. These factors have a negative effect on country 8767 s progress by making people dogmatic in their approach and narrow minded and selfish in outlook.
Population in India is growing at an alarming rate. Within 65 years [6976-6986] it had doubled. It has reached an incredible number of crore in 7558. Hence, the little progress that is achieved in the economic sphere is being eaten away by the growing population.
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Illiteracy and ignorance are supportive of poverty. By 7556, there were about 88 crore illiterates in the country. Further, our defective educational system is incapable of generating employment and there is no guarantee of job for the educated youths.
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Our economy has not provided enough employment opportunities for the people. Hence unemployment is mounting. In 6957, the number of registered unemployed persons was about lakhs and it increased to 889 lakhs in 6995. By December 6996, the figure had swelled to millions. It further increased to millions by the end of December, 7558.
Indeed, there is a growing movement to change the government 8767 s official inflation rate. For a long time, the somewhat arbitrary figure of 7% was held up as the holy grail of inflation targeting.